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Jan 23, 2013
01/13
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there's a huge de-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big victory in a row coming after the new year's eve agreement that ended bush tax breaks for the wealthiest 2% of americans. gambling was the fault was never a sound plan. substantively we all know, markets now, this is though, americans know as playing with fire. politically it was a loser as well. americans had a bad taste in the mouth that could join christ in 2011. poll showed that the republicans back then it would have the him even more so. in recent weeks many conservative opinion makers have been warning republicans this is a losing fight. even senat
there's a huge de-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big...
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Jan 24, 2013
01/13
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KCSM
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house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move to balance the budget. >> they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side. a budget that will balance over the next ten years. it's time for the senate and the president to show the american people how they're willing to balance a budget over the next ten years. >> the bill now goes to the senate where it's expected to pass and be approved by the white house. republicans will continue to push the government to review social security spending. the bill urges congress to compile an outline of the 2
house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would...
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Jan 21, 2013
01/13
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KCSM
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we have raised the debt ceiling 70-plus times. there has always been that sense of we're not going to vote to raise the other guy's debt ceiling, but there was always the understanding that we would provide the votes in the final analysis. the president's party did that. right now, what you have is a situation where the republican party is reduced to its lowest standing in the history of "the wall street journal" poll. the only thing that is worse is john boehner. 18% favorable. this is not a formidable partner. >> over the weekend, "politico" spoke to many advisers and said house republicans and party leaders appear willing to shut down government. we might need to do that four- member management purposes so that they can have an end game and show their constituents they are fighting. get it out of the system? this is not a gastrointestinal problem, this is the government. >> i would suggest therapy and do not shed down the government. i would give it to them for free. the republicans have had a pretty unhappy experience with bri
we have raised the debt ceiling 70-plus times. there has always been that sense of we're not going to vote to raise the other guy's debt ceiling, but there was always the understanding that we would provide the votes in the final analysis. the president's party did that. right now, what you have is a situation where the republican party is reduced to its lowest standing in the history of "the wall street journal" poll. the only thing that is worse is john boehner. 18% favorable. this...
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Jan 22, 2013
01/13
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KPIX
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house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view the vote as an opportunity to raise more money for taxes. >> it's going to be a great opportunity for us. in our budget we lift budget reform which many of my republican colleagues like, but it's going to include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. no dollar amount specifically is in the bill, but the legislation is expe
house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they...
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Jan 26, 2013
01/13
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WETA
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i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing a willingness now to let set in at the end of march. that would mean another fight and struggle. >> all this will unfold in six months probably. not a year from now. he is in a good position to fight for the next six months. >> there was an interesting and little-noticed thing this week. the economic numbers in britain came out where they have had a very tough, brave austerity program, and now they are possibly entering into a triple dip recession. it is an example, perhaps, of too much austerity. france may be an example of too much non-austerity. but if we go through sequester, people will actually see what those cuts mean. i suspect there will be a rebellion over it. >> you could hardly accuse the united states of indulging in too much austerity. we have added $5 trillion of debt in four years. that would be a new definition of austerity. >> i am no
i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing a willingness now to let set in at the end of march. that would mean another fight and struggle. >> all this will unfold in six months probably. not a year from now. he is in a good position to fight for the next six months. >> there was an interesting and little-noticed thing this week. the...
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Jan 24, 2013
01/13
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FBC
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we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spending uncontrol.
we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in...
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Jan 24, 2013
01/13
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MSNBCW
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., a potential crisis over the debt ceiling. looks like it will be averted, at least until the spring. the republican-controlled house passed a bill allowing the government to avoid default and continue borrowing money and paying its bills until may. it also requires lawmakers in both chambers to pass a budget if they actually want to keep getting paid their salary. with the senate set to sign on house speaker john boehner credited the bill for forcing the democrats' hand. >> after four years i'm glad the senate has finally decided to act. because there is no indication that we're going to do a budget until we announced last week that we were going to move this bill that said pass a budget or no pay. >> paul ryan wears that orange tie a lot. boehner wears that green tie quite a bit. the democrat-controlled senate has not produced a detailed budget in 1,366 days. yesterday democratic leaders said the measure is actually a victory for the president. >> i'm not sure what happened at the house republican retreat last week, but it su
., a potential crisis over the debt ceiling. looks like it will be averted, at least until the spring. the republican-controlled house passed a bill allowing the government to avoid default and continue borrowing money and paying its bills until may. it also requires lawmakers in both chambers to pass a budget if they actually want to keep getting paid their salary. with the senate set to sign on house speaker john boehner credited the bill for forcing the democrats' hand. >> after four...
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Jan 21, 2013
01/13
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KNTV
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the one thing to remember is it's not just the debt ceiling. it's these automatic cuts that are scheduled to take place march 16789 the debt ceiling isn't their only opportunity to try to get the president to agree to cuts. there are looming deadlines. so i think the republicans will get obama to agree to some cuts, even if we don't have a really economically damaging showdown. chris: how are we going to deal to entitlements? i don't think liberals want to do much. who is going to do it? >> we don't have to do it immediately, and that's an important point. conservatives don't either. the conservative base right now is an older base. it's people in their 50's and 60's, people who say i'm really worried about the deficit. don't touch my medicare or social security. chris: that it? indicated stuff. >> the entitlement stuff is a really big problem. there are a lot of liberals who go too far in denying it's a problem, but it's not an immediate problem. interest rates remain low. we have a little bit of time. chris: now for some fun. we're all lookin
the one thing to remember is it's not just the debt ceiling. it's these automatic cuts that are scheduled to take place march 16789 the debt ceiling isn't their only opportunity to try to get the president to agree to cuts. there are looming deadlines. so i think the republicans will get obama to agree to some cuts, even if we don't have a really economically damaging showdown. chris: how are we going to deal to entitlements? i don't think liberals want to do much. who is going to do it?...
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Jan 21, 2013
01/13
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the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit
the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going...
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Jan 21, 2013
01/13
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 23, 2013
01/13
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KQEH
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at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the drop in sales is not entirely bad news because there were fewer homes on the market. inventories are at their lowest level in seven and a half years. sales were up in the northeast and western u.s. while they fell in the midwest and south. for the entire year, existing home sales saw their best year since 2007. >> tom: julia c
at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the...
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Jan 22, 2013
01/13
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it is expected to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering fleeing frarch. phil mickelson saying the same thing. the democratic leaders here better take note, if they have the money, they will run. there are reasons for both of these guys to bring back their remarks, as you know. but they do follow a trend of folk who is have means who are saying the government -- and governments are going too far. do they have a point? >> well, i think they definitely a point, neil. economics is a very dynamic social science. there is a latin phrase that means, all things being the same. the democratic policy approach is everything's the same. we can inc
it is expected to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering...
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Jan 23, 2013
01/13
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter:...
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Jan 23, 2013
01/13
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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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Jan 24, 2013
01/13
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KRCB
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also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmicknd saia 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling aft
also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do....
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Jan 24, 2013
01/13
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FBC
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the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of this command of one to you what you have to say. apparently the senate will okay this idea that it won't get paid if they don't create a budget. that's not really true. they will get paid, but the money will go into an account somewhere and be held for a while. they eventually will be paid. the end of the day and don't really see any bodies and getting smacked. >> well, the money will be held until the very end of 2014, the end of this congress. another thing people wanted paychecks held for 20 months. at think this is the only thing that got their attention. to
the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of...
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Jan 23, 2013
01/13
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CSPAN2
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the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible conversations] >> as all of you know, the majority of the senate will determine what the majority is and we will be happy to look at what the majority leaders will bring forward to the full senate. >> what did you think of the presidential inaugural address? >> i think it was disappointing i don't think it's a great way to start off a second term. i think it is quite disturbing. [inaudible conversations] >> welcome back, everyone. let's have a celebration. the first time we have been able to sit down together as a group. we have more female members serving now than ever before. we have so many issues
the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible...
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Jan 21, 2013
01/13
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Jan 22, 2013
01/13
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MSNBCW
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the republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it was. >> i have been waiting for the real barack obama to show up, and i don't mean that as a criticism. i mean that honestly. knowing him as i have come to know him over the years, going back to when he first came to washington as a senator, that's the guy that i as chairman was prepared to do battle against and framed my chairmanship and even wrote a book about how to defeat this agenda, this very progressive agenda for conservatives to wake up coming out of the slumps of 2006 and 2008. >> can i say one thing, though, and ezra, i would like to get your thoughts on this. i thought
the republicans have at least begun to back off on the debt ceiling fight. you note that sandy aid passed even though it only got 46 republican votes in the house. it seems to me this strategy of laying out what you want and then negotiating is better than trying to figure out what the other side wants. >> chairman steel, there's been some discussion as to whether this was even, many of the, that progressive of a speech, but the reaction from conservative outlets -- >> oh, baby, it...
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Jan 22, 2013
01/13
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FBC
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coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a beer life. >>> from our fox business stios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " whato you think of the speech? >> audacious. one, it was an u
coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where...
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Jan 21, 2013
01/13
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coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " what do you think of the speech? >> audacious. one, it was an unabashedly progressive speech, shorn of the pose that's characterized as rhetoric. it also, i think, was audacious in its appropriation of the tradition of the american foundings. it was a direct challenge to republicans and the tea party saying you are obsessed with the founders. you are wrong. i am the one firmly within the tradition, and you are outside the mainstream, and you better get on boar
coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i...
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Jan 21, 2013
01/13
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FBC
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ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democrats there, who are going to say we're not all for more and more and more taxes because we know what it's going to do to the economy. it's not a done deal, is it? they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bring the vote to the house. i have a sus
ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that...
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96
Jan 24, 2013
01/13
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CURRENT
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when we come back, republicans caved on the debt ceiling. so what's next? >> announcer: radio meets television. the "bill press show." now on current tv. fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. >> i'm pleased speaker boehner has decided to change course and pass the bill that over the debt ceiling. >> announcer: this is the "bill press show." >> bill: 13 minutes before the top of the hour on the "full court press" here this thursday morning. when we come -- in the top of the next hour rather, we'll be joined by lynn sweet from the "chicago sun times" as a "friend of bill." for the whole hour. and then former sena
when we come back, republicans caved on the debt ceiling. so what's next? >> announcer: radio meets television. the "bill press show." now on current tv. fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. i think the number one thing that viewers like about the young turks is...
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70
Jan 23, 2013
01/13
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CSPAN
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ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who'
ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit...
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196
Jan 23, 2013
01/13
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FBC
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this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. th
this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term...
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100
Jan 22, 2013
01/13
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FOXNEWSW
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i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems to me one of the large problems that small businesses have, correct me if i'm wrong, there's no certainty because congress and the president never make up their mind and they bring everything to the brink and pass something for three months. you don't no he what's going to happen with our tax structure or the debt ceiling. am i right? they don't sit down and make a decision that the lack of impact to make decisions in your business. >> one thing is a lack of certainty and the things we're certain of for small businesses, and hate to keep beating a dead horse, president obama is one of the job killers in
i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems...
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160
Jan 23, 2013
01/13
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FBC
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this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still
this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the...